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SEC charges brokers with Collateralized Mortgage Obligation fraud
" In a lawsuit filed yesterday in the US Southern District Court of Florida, the SEC alleges the brokers presented the CMOs as suitable products for retirees and conservative investors. In some cases, the CMOs were... Small Business Banking is Dead. Auction your A/R to Hedge Funds
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There is $15 Billion of liquidity for businesses who want to sell their accounts receivables. The discount fee ranges between 1 to 4 % based on credit worthiness. The average duration of posting an... Indian Gold Prices at Record, Cooling Jewelry Demand
With constant hammering of stock market gold is fast emerging as the best source of invesmtment. Gold zoomed past all previous records to set a record . Gold dealers said melting stocks and forex markets left no other option for investors other than gold and they... America! Why are we Bailing you out - The Pound undervalued
Quote from Gordon Brown speech 26 January 2009. “Our banking systems and our national banking systems have been shown to be totally interdependent and interconnected and while the crisis started in the United... New project aims to unite science and Hollywood
I'll always remember in Friends when Rachel keeps bugging Ross about the possibility of Jurrasic Park. Being a scientists, Ross flips out at the idea knowing it not being scientifically plausible. Anyways,... Obama Will Name Mary Schapiro SEC Chief
Obama Will Name Mary Schapiro SEC Chief"President-elect Barack Obama is expected to name Mary Schapiro to head the Securities and Exchange Commission under his administration, according to media reports late Wednesday. Schapiro is currently the chief executive of the... Top 10 best-selling cars: Cheaper in Canada or U.S.?
Do you Canadians remember this time last year? Our dollar was flying high, and our people were demanding that cards, books, etc. be priced the same as in the US. And new cars .... many Canadians drove... Probing Golden West
"NEW YORK (AP) - The Department of Justice is investigating the mortgage lending practices of Golden West Financial Corp., the savings and loan bought by Wachovia Corp. for $24 billion at the height of the housing boom in 2006.U.S. Attorney Joseph Russoniello told The...
created by MortgageAuditor | 32 wks ago | updated 32 wks ago
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Brazil trader shoots self on stock trading floor
That is a tragic news, I will look for more informations and update NP readers on that. " A stock exchange trader has shot himself on the trading floor in Brazil. Sao Paulo's Bovespa stock exchange says the... Toshiba America Business Solutions Inc. Introduces e-BRIDGE Open Platform Con...
"Toshiba America Business Solutions Inc. (TABS) today announced the development and release of its e-BRIDGE Open Platform Connectors for Microsoft(R) (MS) Exchange and Microsoft Office...Growth in oil stumbles- Oman Crude- $46.98 barrel!
"On the Dubai Mercantile Exchange, Oman crude oil closed at US$46.98 a barrel yesterday, the first time it has settled below $50 since it started trading on the exchange last year. On the New York Mercantile...Panicked investors force Kuwaiti Stock market to close-Sellers-No buyers
"Trading on Kuwait’s stock exchange was halted yesterday by court order in a measure meant to stop a months-long slide while authorities try to find ways to reinvigorate the market. The halt to trading is the first to be announced in the Gulf even though stock markets...NAB Okays probe against 3 forex companies
" Updated at: 1430 PST, Thursday, November 13, 2008 ISLAMABAD: National Accountability Bureau (NAB) has given a go ahead to an inquiry into the allegations regarding illegal business and money laundering against three forex companies.The Securities and...Obama Chief of Staff Was Director Of Freddie Mac During Scandal
Obama's Chief of Staff Pick a Freddie Mac Alum - Will the Media Notice? or Care? " He’s President-elect Barack Obama’s new chief of staff, according to various Nov. 6 media reports, but Rep. Rahm Emanuel,...Six killed in clash during tribal council meeting in Pakistan
At least six persons were killed when two groups clashed during a jirga (tribal council) meeting in Bannu district of Pakistan on Sunday. The meeting was convened to settle a dispute between two brothers. "BANNU: At least six people were killed in an exchange of fire...
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